The California Life Sciences Industry: A Powerful Economic Engine

The California Life Sciences Industry: A Powerful Economic Engine

California Life Sciences Association (CLSA) and PwC US have released the 2016 California Life Sciences Industry Report, which indicates that California’s life sciences sector had a profound impact on the state’s economy, “showing industry increases in the areas of sector employment growth, wages, research funding and life sciences venture investment.”

“Our latest report paints a vivid picture of California’s 2,848 life sciences companies thriving through collaboration, innovation, investment and access to resources in academia and the workforce,” said Peter Claude, Partner, Pharmaceutical & Life Sciences Advisory, PwC. “Our collective research has shown that California‘s life sciences innovation ecosystem is alive and well; that companies and innovators here are leading in nearly every measureable facet of growth and creating a new era in healthcare marked by the convergence of technologies, information sharing, and focused investment.”